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Commodities Briefing - Categorized | Market Moves, People, Price Watch more

Rio tips commodity prices to take a dive

Posted on 02 May 2011

Soaring commodity prices are unsustainable and Rio Tinto will maintain a very strong balance sheet to insulate it from any future volatility in global markets, according to the mining giant’s chairman, Jan du Plessis.
In frank comments on the fevered speculation hitting base metal prices, Mr du Plessis told The Australian he expected current record iron ore and copper prices to fall, despite Rio’s confidence in continued strong demand from China and India……………………………………….Full Article: Source


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